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Manager of the Saint-André Hotel, Roger Lapointe, left, says his business is very slow so far during Formula E weekend. (CBC)

Local restaurant and hotel owners preparing for Montreal's first Formula E race are questioning how much of an economic boost it will bring their businesses.

"Like everybody, we thought it would bring tons of tourists, or tons of local people, but apparently not so," said Roger Lapointe, the manager of the Saint-André Hotel, located just east of Berri Street and near the Formula E racetrack.

This weekend is actually the slowest for the hotel since the start of the summer season. In fact, Lapointe says most of the hotel's clients weren't even aware that the race was happening until informed by staff.

"We are full every weekend, all summer long — except for this coming weekend."

While businesses have raised concerns and residents have complained about having a track through their densely populated neighbourhood, Coderre drew comparisons to Expo 67 and claimed the electric car race will put Montreal on the world stage.

Mixed predictions

Restaurateurs like Shawn-Christopher Peard are simply hoping that their own investments for the race, alongside the one from the city, will pay off.

He said construction leading up to the event has caused him headaches for his restaurant, La Diva, which faces the racetrack on René-Lévesque Boulevard — but he remains positive.

Peard added more staff and bought extra food in hopes of a profitable Formula E weekend.

"We hope it's definitely going to be busy," said Peard. "Are we sure? Not at all. We're not sure what's going to happen. No one really has any clear answers, it's their first year."